Twines of Polyethylene or Polypropylene of Nylon or Other Polyamides or Polyesters Measuring at Most 50,000 decitex Market Size Value in Portugal

The market for twines of polyethylene or polypropylene, nylon, and other polyamides or polyesters in Portugal has experienced a general decline in market value from 2013 to 2023. In 2023, the market stood at 15.293 million euros. Over the last decade, the market displayed a consistent downward trend, with significant drops between 2017 and 2018, a brief recovery through 2019 and 2020, but subsequent declines have persisted through 2023. The Compound Annual Growth Rate (CAGR) over the last five years was -1.93%, underscoring the overall decline.

Future trends to watch for include:

  • The potential for market stabilization or further decline influenced by changes in demand from key industries such as agriculture and fishing.
  • Environmental regulations affecting the use of synthetic materials, potentially driving innovation towards more sustainable alternatives.
  • The impact of economic factors within Portugal and the broader European context, including shifts in consumer or industry behavior post-COVID-19.

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